Financial Services Offered by Banks and Non-Banks

Dimitris N. Chorafas

Chapter 3 in The Commercial Banking Handbook, 1999, pp 51-76 from Palgrave Macmillan

Abstract: Abstract The term financial services is often given a poor definition, and in some cases several definitions which sound as if they were contradictory. In the bottom line, however, such definitions tend to converge towards ‘the facilitation of financial flows between two or more agents engaged in market activities’. This simple sentence underpins the concept of financial intermediation as we saw it in Chapters 1 and 2.

Keywords: Banking Industry; Institutional Investor; Commercial Banking; Pension Fund; Investment Bank (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1057/9780230379084_3

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